EDGE-CREDIT AWARDS House SponsorsRep. Jeanne M Ives 12/3/2014HouseSession Sine Die 35 ILCS 5/21135 ILCS 10/5-1035 ILCS 10/5-1535 ILCS 10/5-2035 ILCS 10/5-2535 ILCS 10/5-4035 ILCS 10/5-4535 ILCS 10/5-5035 ILCS 10/5-55 Amends the Economic Development for a Growing Economy Tax Credit Act and the Illinois Income Tax Act. Provides that, for tax years beginning on or after January 1, 2015, each taxpayer that demonstrates completion of a project in Illinois during the taxable year that involves (i) an investment by the taxpayer of at least $1,000,000 in capital improvements to be placed into service in Illinois and (ii) the employment of at least 5 new employees in Illinois is entitled to an EDGE credit. Provides that the amount of the credit shall be determined by multiplying the taxpayer's income tax rate by the average wage of the jobs created and then multiplying the result by the number of jobs created. 2/7/2014HouseFiled with the Clerk by Rep. Jeanne M Ives 2/7/2014HouseFirst Reading 2/7/2014HouseReferred to Rules Committee 3/3/2014HouseAssigned to Revenue & Finance Committee 3/11/2014HouseTo Income Tax Subcommittee 3/28/2014HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die